GREATEST THEFT IN WORLD HISTORY?
Bloomberg News spins as follows:
"The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s. "
"The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. "
This is theft. This is debt servitude. This is not much different than selling your grandchildren into slavery in order to give money to multi-millionaire gamblers today.
Obama has continued egregiously fraudulent "bailout" practices started by Bush. Previously they bailed out the Savings and Loans which were raided back in the late 80's under poppy Bush, with brother Neil Bush profiting handsomely from that looting spree.
This is as blatantly immoral as it is criminal and destructive to the nation. They are using the cover of a "rescue" to dump shiploads of our tax money on the lawns of billionaires. There is no kind, innocent way of spinning this, unless one is willing to turn off all powers of critical thought and become the mindless drones who believe whatever is told to them on their televisions.
This is pure madness, and by design, will enrich the vulture class oligarchs while destroying the lives of most of the population, already under siege for decades since Nafta, the stagnation of wages, the crushing of unions, the rotting of the education system, etc.
It's last call for America. What happens from here on out will be unrecognizable.